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date
26/08/2025
Every AI Express, Guojin Securities issued a research report on August 26, giving a buy rating to Qinniao Fire Protection (002960.SZ). The rating reasons mainly include: 1) Overall business stability and resilience in Q2; 2) Structure end - segmented products: the alarm business shows the resilience of the leader, with pressure on the gross profit margin of the industrial and fire protection business; 3) Expense end - OpEx expenditure relatively stable, expense ratio flat; 4) It is expected to reverse the situation in the second half of the year, focusing on the progress of the layout of fire-fighting robots. (Daily Economic News)
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The second episode of Luo Yonghao's "Crossroads" video podcast was released today, in which He Xiaopeng shared his entrepreneurial story of going from financial freedom to embarking on endless hell mode. In the podcast, Luo Yonghao and He Xiaopeng talked about the major personnel adjustments at Xiaopeng Motors last year. At that time, He Xiaopeng decided to personally oversee the replacement of over a dozen executives from the front line, which did not cause much public opinion. He Xiaopeng said that one must be both decisive and emotional, and most of the people voluntarily retired, so the overall atmosphere was relatively friendly. He Xiaopeng also mentioned that the company faced great challenges at that time, and making such large adjustments when the company was doing well would not make sense, but when the company was doing poorly, the more decisive the adjustment, the more suitable it might be because it provided an opportunity to discuss. "Our growth in the first half of this year is 200%, which means how bad the first half of last year was. So, looking at it from a different perspective, if around 90% of the front-line departments were replaced, how painful must that have been for you." He Xiaopeng also mentioned that in the second quarter of 2024, the company suffered great losses, only selling a few thousand cars in a month, and he had meals with key employees he was concerned about dozens of times, discussing how things would improve in the fourth quarter of 2024, and about 30% of those people had left by the end of the meals.
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